[Congressional Record (Bound Edition), Volume 161 (2015), Part 3]
[Senate]
[Pages 4196-4197]
[From the U.S. Government Publishing Office, www.gpo.gov]




              BOYS TOWN CENTENNIAL COMMEMORATIVE COIN ACT

  Mrs. CAPITO. Mr. President, I ask unanimous consent that the 
Committee on Banking, Housing, and Urban Affairs be discharged from 
further consideration of S. 301, and the Senate proceed to its 
immediate consideration.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The clerk will report the bill by title.
  The legislative clerk read as follows:

       A bill (S. 301) to require the Secretary of the Treasury to 
     mint coins in commemoration of the centennial of Boys Town, 
     and for other purposes.

  There being no objection, the Senate proceeded to consider the bill.
  Mrs. CAPITO. Mr. President, I ask unanimous consent that the bill be 
read a third time and passed, and the motion to reconsider be 
considered made and laid upon the table.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The bill (S. 301) was ordered to be engrossed for a third reading, 
was read the third time, and passed, as follows:

                                 S. 301

       Be it enacted by the Senate and House of Representatives of 
     the United States of America in Congress assembled,

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Boys Town Centennial 
     Commemorative Coin Act''.

     SEC. 2. FINDINGS.

       Congress finds that--
       (1) Boys Town is a nonprofit organization dedicated to 
     saving children and healing families, nationally 
     headquartered in the village of Boys Town, Nebraska;
       (2) Father Flanagan's Boys Home, known as ``Boys Town'', 
     was founded on December 12, 1917, by Servant of God Father 
     Edward Flanagan;
       (3) Boys Town was created to serve children of all races 
     and religions;
       (4) news of the work of Father Flanagan spread worldwide 
     with the success of the 1938 movie, ``Boys Town'';
       (5) after World War II, President Truman asked Father 
     Flanagan to take his message to the world, and Father 
     Flanagan traveled the globe visiting war orphans and advising 
     government leaders on how to care for displaced children;
       (6) Boys Town has grown exponentially, and now provides 
     care to children and families across the country in 11 
     regions, including California, Nevada, Texas, Nebraska, Iowa, 
     Louisiana, North Florida, Central Florida, South Florida, 
     Washington, DC, New York, and New England;
       (7) the Boys Town National Hotline provides counseling to 
     more than 150,000 callers each year;
       (8) the Boys Town National Research Hospital is a national 
     leader in the field of hearing care and research of Usher 
     Syndrome;
       (9) Boys Town programs impact the lives of more than 
     2,000,000 children and families across America each year; and
       (10) December 12th, 2017, will mark the 100th anniversary 
     of Boys Town, Nebraska.

     SEC. 3. COIN SPECIFICATIONS.

       (a) $5 Gold Coins.--The Secretary of the Treasury (referred 
     to in this Act as the ``Secretary'') shall mint and issue not 
     more than 50,000 $5 coins in commemoration of the centennial 
     of the founding of Father Flanagan's Boys Town, each of which 
     shall--
       (1) weigh 8.359 grams;
       (2) have a diameter of 0.850 inches; and
       (3) contain 90 percent gold and 10 percent alloy.
       (b) $1 Silver Coins.--The Secretary shall mint and issue 
     not more than 350,000 $1 coins in commemoration of the 
     centennial of the founding of Father Flanagan's Boys Town, 
     each of which shall--
       (1) weigh 26.73 grams;
       (2) have a diameter of 1.500 inches; and
       (3) contain 90 percent silver and 10 percent copper.
       (c) Half Dollar Clad Coins.--The Secretary shall mint and 
     issue not more than 300,000 half dollar clad coins in 
     commemoration of the centennial of the founding of Father 
     Flanagan's Boys Town, each of which shall--
       (1) weigh 11.34 grams;
       (2) have a diameter of 1.205 inches; and
       (3) be minted to the specifications for half dollar coins 
     contained in section 5112(b) of title 31, United States Code.
       (d) Legal Tender.--The coins minted under this Act shall be 
     legal tender, as provided in section 5103 of title 31, United 
     States Code.
       (e) Numismatic Items.--For purposes of sections 5134 and 
     5136 of title 31, United States Code, all coins minted under 
     this Act shall be considered to be numismatic items.

     SEC. 4. DESIGN OF COINS.

       (a) In General.--The design of the coins minted under this 
     Act shall be emblematic of the 100 years of Boys Town, one of 
     the largest nonprofit child care agencies in the United 
     States.
       (b) Designation and Inscriptions.--On each coin minted 
     under this Act, there shall be--
       (1) a designation of the value of the coin;
       (2) an inscription of the year ``2017''; and
       (3) inscriptions of the words ``Liberty'', ``In God We 
     Trust'', ``United States of America'', and ``E Pluribus 
     Unum''.
       (c) Selection.--The design for the coins minted under this 
     Act shall be--
       (1) selected by the Secretary, after consultation with the 
     National Executive Director of Boys Town and the Commission 
     of Fine Arts; and
       (2) reviewed by the Citizens of Coinage Advisory Committee.

     SEC. 5. ISSUANCE OF COINS.

       (a) Quality of Coins.--Coins minted under this Act shall be 
     issued in uncirculated and proof qualities.
       (b) Mint Facility.--Only 1 facility of the United States 
     Mint may be used to strike any particular quality of the 
     coins minted under this Act.
       (c) Period for Issuance.--The Secretary may issue coins 
     under this Act only during the period beginning on January 1, 
     2017, and ending on December 31, 2017.

     SEC. 6. SALE OF COINS.

       (a) Sale Price.--The coins issued under this Act shall be 
     sold by the Secretary at a price equal to the sum of--
       (1) the face value of the coins; and
       (2) the cost of designing and issuing the coins (including 
     labor, materials, dies, use of machinery, overhead expenses, 
     marketing, and shipping).
       (b) Bulk Sales.--The Secretary shall make bulk sales of the 
     coins issued under this Act at a reasonable discount.
       (c) Prepaid Orders.--
       (1) In general.--The Secretary shall accept prepaid orders 
     for the coins minted under this Act before the issuance of 
     such coins.
       (2) Discount.--Sale prices with respect to prepaid orders 
     under paragraph (1) shall be at a reasonable discount.

[[Page 4197]]



     SEC. 7. SURCHARGES.

       (a) In General.--All sales of coins issued under this Act 
     shall include a surcharge as follows:
       (1) A surcharge of $35 per coin for the $5 coin.
       (2) A surcharge of $10 per coin for the $1 coin.
       (3) A surcharge of $5 per coin for the half dollar coin.
       (b) Distribution.--Subject to section 5134(f) of title 31, 
     United States Code, all surcharges received by the Secretary 
     from the sale of coins issued under this Act shall be paid to 
     Boys Town to carry out Boys Town's cause of caring for and 
     assisting children and families in underserved communities 
     across America.

     SEC. 8. FINANCIAL ASSURANCES.

       The Secretary shall take such actions as may be necessary 
     to ensure that--
       (1) minting and issuing coins under this Act will not 
     result in any net cost to the Federal Government; and
       (2) no funds, including applicable surcharges, shall be 
     disbursed to any recipient designated in section 7 until the 
     total cost of designing and issuing all of the coins 
     authorized by this Act (including labor, materials, dies, use 
     of machinery, overhead expenses, marketing, and shipping) is 
     recovered by the United States Treasury, consistent with 
     sections 5112(m) and 5134(f) of title 31, United States Code.

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